Economic Buzz: Japan core machinery orders see biggest drop since 2019

Japan's core machinery orders fell 12.4% m/m to JPY 962.0 billion in May 2026, reversing April's 8.7% gain. The steepest monthly drop since December 2019 reflected broad-based weakness across manufacturing and non-manufacturing sectors, signaling softer business investment. On an annual basis, orders declined 1.5%, marking the fastest yearly fall in six months.

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